Trevor is the CEO of Harvest Foods, which is a privately held corporation. What is the first step he must take if he wishes to take Harvest Foods public?

Question

Quizplus · Accepted Answer

The first step in taking a privately held corporation public is to gain board approval. The board of directors must agree on the decision to go public before any further steps, such as selecting an underwriter or preparing a registration statement, can be taken.

Trevor Is the CEO of Harvest Foods, Which Is a Privately